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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Penalty u/s 271G – Failure to maintain documents and accounts ...


Penalty u/s 271G Overturned; Assessing Officer Directed to Use Sections 271AA or 271BA Instead.

January 7, 2014

Case Laws     Income Tax     AT

Penalty u/s 271G – Failure to maintain documents and accounts being audited - AO should have initiated penalty proceedings u/s 271AA/271BA – the penalty levied u/s 271G set aside - AT

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